SilentBirdHunter
Well-known member
- Joined
- Feb 5, 2024
- Messages
- 407
Consumer confidence had it's biggest monthly decline since August 2021.
Markets sold off today as investors worried whether tariff uncertainty could steer the economy into recession. The S&P 500’s post-election rally has been more than erased, with the index declining 2.7% to start the week and closing just above the $5,600 mark for the first time since mid-September. Big Tech names that have led the stock market’s AI boom over the past two years were hit hard, and the Nasdaq Composite fell 4% to have its worst day since September 2022. Layoff announcements shot up to a 4.5-year high and the S&P 500 index fell 6% from its all-time high set Feb. 19 as the potential implementation of tariffs rocked Wall Street.
Federal Reserve Bank of Atlanta’s widely tracked GDPNow model, which forecasts an annualized rate of -2.4% in 2025’s first quarter.
Goldman Sachs economists upped their odds of a 2025 recession from 15% to 20% on Friday, naming Trump’s economic policies as the “key risk,” while Yardeni Research raised their recession odds Wednesday from 20% to 35%, citing “Trump 2.0’s head-spinning barrage of executives orders, firings, and tariffs.”
Uncertainty does not help factory planning, the market, or the economy.
Markets sold off today as investors worried whether tariff uncertainty could steer the economy into recession. The S&P 500’s post-election rally has been more than erased, with the index declining 2.7% to start the week and closing just above the $5,600 mark for the first time since mid-September. Big Tech names that have led the stock market’s AI boom over the past two years were hit hard, and the Nasdaq Composite fell 4% to have its worst day since September 2022. Layoff announcements shot up to a 4.5-year high and the S&P 500 index fell 6% from its all-time high set Feb. 19 as the potential implementation of tariffs rocked Wall Street.
Federal Reserve Bank of Atlanta’s widely tracked GDPNow model, which forecasts an annualized rate of -2.4% in 2025’s first quarter.
Goldman Sachs economists upped their odds of a 2025 recession from 15% to 20% on Friday, naming Trump’s economic policies as the “key risk,” while Yardeni Research raised their recession odds Wednesday from 20% to 35%, citing “Trump 2.0’s head-spinning barrage of executives orders, firings, and tariffs.”
Uncertainty does not help factory planning, the market, or the economy.